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...AND SUBSIDIARIES NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (continued) (unaudited) Date”), all accrued dividends on any share shall accumulate and compound on the applicable Dividend Payment Date whether or not declared by the Board and whether or not funds are legally available for the payment thereof. All accrued dividends shall...

...A dividend penalty event would occur if dividends on the Series A Preferred Stock are in arrears for six or more quarterly dividend periods, in which case the dividend rate on the Series A Preferred Stock would increase by 2.00% per annum, and the holders of the Series A...

...A dividend penalty event would occur if dividends on the Series A Preferred Stock are in arrears for six or more quarterly dividend periods, in which case the dividend rate on the Series A Preferred Stock would increase by 2.00% per annum, and the holders of the Series A...

...Three Months Ended March 31, 2024 2023 Preferred dividends - declared $ 8,700 $ 8,700 Preferred dividends per share - declared $ 0.4550 $ 0.4550 Aggregate undeclared convertible preferred stock cumulative dividends (in thousands, except per share amounts): March 31, 2024 December 31, 2023 Aggregate preferred dividends - undeclared $ 29,010 $ 28,508...

...Three Months Ended March 31, 2024 2023 Preferred dividends - declared $ 8,700 $ 8,700 Preferred dividends per share - declared $ 0.4550 $ 0.4550 Aggregate undeclared convertible preferred stock cumulative dividends (in thousands, except per share amounts): March 31, 2024 December 31, 2023 Aggregate preferred dividends - undeclared $ 29,010 $ 28,508...

...The decision to declare any dividend and the dividend rate is at the discretion of the Board, which may choose to follow the dividend philosophy as guidance in the dividend declaration. The Board may also revise or eliminate the dividend philosophy in the future. The Bank’s historical dividend rates...

...The “ Extraordinary Dividend Amount ” with respect to an Extraordinary Dividend will equal: • in the case of cash dividends or other distributions that constitute regular dividends, the amount per share of the Underlying Stock of that Extraordinary Dividend minus the amount per share of the immediately preceding non-Extraordinary Dividend for...

...shareholder will be treated as receiving a dividend in the taxable year in which the dividend is distributed, subject to the October, November, or December dividend declaration rule discussed immediately above. We adopted a distribution reinvestment plan that will allow shareholders to elect to receive dividends in the form of...

...A dividend penalty event would occur if dividends on the Series A Preferred Stock are in arrears for six or more quarterly dividend periods, in which case the dividend rate on the Series A Preferred Stock would increase by 2.00% per annum, and the holders of the Series A...

...A dividend penalty event would occur if dividends on the Series A Preferred Stock are in arrears for six or more quarterly dividend periods, in which case the dividend rate on the Series A Preferred Stock would increase by 2.00% per annum, and the holders of the Series A...

...Cayman Islands law prescribes that a company may only pay dividends out of its profits or share premium, and that a company may only pay dividends if, immediately following the date on which the dividend is paid, the company remains able to pay its debts as they fall due in...

...Cayman Islands law prescribes that a company may only pay dividends out of its profits or share premium, and that a company may only pay dividends if, immediately following the date on which the dividend is paid, the company remains able to pay its debts as they fall due in...

...Similarly, during the six months ended December 31, 2024, we paid Series A preferred dividends of $ 571,773 and Series B preferred dividends of $ 100,997 , of which $ 94,081 and $ 5,078 have been reinvested under our preferred stock DRIP, respectively. The above dividends declared were recorded as dividends...

...Net income per share for each class of stock is calculated assuming all of the Company’s net income is distributed as dividends to each class of stock based on their contractual rights. ​ Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid...

...Dividends and Dividend Equivalents . In August 2024, the Board declared a quarterly dividend of $ 0.04 per share of common stock outstanding which resulted in a total of $ 5.0 million in dividends being paid in September 2024. In addition, under the terms of the LTIP, the Company paid a...

...Net income per share for each class of stock is calculated assuming all of the Company’s net income is distributed as dividends to each class of stock based on their contractual rights. ​ Unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents (whether paid...

...Under the quarterly dividend policy, the amount available for quarterly dividends is to be calculated based on the following formula: ​ Operating cash flow Less: Capital expenditures for drydocking Less: Voluntary quarterly reserve Cash flow distributable as dividends ​ The amount of dividends payable under the foregoing formula for each quarter of...

...Preferred Dividends, Declared and Undeclared. Preferred dividends increased $25,000, or 0.3%, to $9.1 million during the 2023 quarter, due to accumulating and compounding dividends related to undeclared preferred stock dividends. See note 12 to our condensed consolidated financial statements. Nine Months Ended September 30, 2023 Compared to...

...Preferred Dividends, Declared and Undeclared. Preferred dividends increased $25,000, or 0.3%, to $9.1 million during the 2023 quarter, due to accumulating and compounding dividends related to undeclared preferred stock dividends. See note 12 to our condensed consolidated financial statements. Nine Months Ended September 30, 2023 Compared to...

...Dividends and Distributions On February 8, 2024, the Company declared a dividend of $ 0.21 per share (base dividend of $ 0.16 per share and a variable dividend of $ 0.05 per share) of Common Stock. The dividend was paid on February 29, 2024 to holders of record of Common...